Multiply AI rolls out financial planning and mortgage broker app with Mojo

By Megha Bhattacharya

Multiply AI has announced the launch of a free financial planning and mortgage broker app in collaboration with digital mortgage broker Mojo. The app leverages AI for providing financial advice along with investment support and customised recommendations. Multiply AI also provides access to Lifetime ISA (LISA).

Vivek Madlani, CEO of Multiply AI, said, “Our partnership with Mojo will help homebuyers from the point at which they decide to start saving their deposit, all the way to getting their keys. Mojo shares our ambition to democratise access to financial advice and remove key barriers to entry for first-time home buyers – namely financial knowledge to saving and getting the right mortgage. Together we are delivering a complete online experience that is easy to understand, cost-effective, fast and transparent.”

“Multiply and Mojo will allow first-time buyers to go from deposit saving to homeownership without any of the frustrating paperwork, delays and fees that are usually associated with the traditional process of buying a home.”

According to Mojo, the app will enable customers to get the quality advice and support needed to make the right decision about saving for property and choosing a mortgage via their smartphone.

Mojo’s free service aims to bring transparency and convenience to first-time buyers with innovations such as MortgageScore and real-time eligibility across mortgage deals from 90 lenders. The smart tech allows Mojo’s expert mortgage advisers to spend more time with first-time buyers, supporting them in their mortgage decisions.

Richard Hayes, CEO of Mojo, said, “We help thousands of people with mortgages and re-mortgages, but it’s always great when we can make things just that bit easier for first-time buyers, and this partnership with Multiply does that. Many first-time buyers have seen their plans disrupted over the past year, and most will want to make 2021 the year they get on the ladder – particularly if there is a softening of house prices after the SDLT holiday. This partnership gives them the quality advice and confidence they need to make better and more informed decisions about the biggest investment they will ever make in their life.”